Leni Gas & Oil Investments Ltd & Anor v Malta Oil Pty Ltd & Anor

Leni Gas & Oil Investments Ltd & Anor v Malta Oil Pty Ltd & Anor

The defendants did not make or intend to make the alleged implied representation; the claimants did not understand such a representation to have been made, and even if it had, it did not cause the claimants to sell their interest. The claim in deceit fails on all elements.

Source-derived case information.

Parties
Claimant: Leni Gas & Oil Investments Limited; Claimant: Leni Gas & Oil PLC; Defendant: Malta Oil Pty Limited; Defendant: Phoenicia Energy Co Limited
Jurisdiction
England and Wales
Judgment Date
27 March 2014
Procedural Posture
Commercial / Judgment
Outcome
Claim dismissed
Legal Topics
Deceit, Misrepresentation, Inducement, Joint Venture, Oil and Gas Exploration
Tort Contract Deceit Misrepresentation Inducement Joint Venture Oil and Gas Exploration

Source-derived case record

Summary, issues, holding and outcome

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Parties

Leni Gas & Oil Investments Limited

Claimant

Leni Gas & Oil PLC

Claimant

Malta Oil Pty Limited

Defendant

Phoenicia Energy Co Limited

Defendant

Procedural Posture

Commercial / Judgment

Legal Issues

  1. 1 Whether the defendants made a fraudulent misrepresentation to induce the claimants to sell their 10% interest in Area 4 for less than its true value
  2. 2 Whether the defendants intended to mislead the claimants regarding the state of farm-out negotiations
  3. 3 Whether the claimants relied on the alleged misrepresentation

Ratio Decidendi

The defendants did not make or intend to make the alleged implied representation; the claimants did not understand such a representation to have been made, and even if it had, it did not cause the claimants to sell their interest. The claim in deceit fails on all elements.

Court Disposition

Claim dismissed

Orders

  • Judgment for the defendants
  • Claimants' claim in deceit is rejected